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Core Crypto Tracking Problem
- CoinTracker solves the problem of aggregating crypto portfolios and tax compliance across multiple wallets and exchanges.
- Tracking every crypto transaction is crucial due to tax implications as IRS treats crypto as property.
Connect Exchanges and Wallets
- Connect your crypto exchanges and wallets via APIs or public addresses to track transactions accurately.
- Use trusted blockchain API aggregators to synchronize wallet transactions for tax and portfolio tracking.
Every Crypto Transaction Taxable
- Every trade between cryptocurrencies is a taxable event generating capital gains or losses in USD terms.
- Accurate tax calculations require reconciling the entire transaction history across all assets and wallets.